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i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the american dream. this is not something anti-american. this is pro-american by people that are citizens here. and want to see their families get what americans have promised the world. yeah, you know, so many times during these last couple of years for this immigration dewad debate has been raging. i've listened to americans talk about imgrants, in particular, latinos as though they're foreign and bring different values to the counsel tri. i represent san antonio. and we have latinos who have been here for generations. been serving in the military. been getting good education, they
i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the...
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after a democratic election. that's what this is all about. >> ifill: let me talk to state senator prose about that. how do you respond to this idea that there's no need for a law like this? >> i think when you look at the issue of right to work or freedom to work you really have to ask the question whether or not that individual is buying into a system that they care to be a part of, that they really choose to be a part of. do they have the ability to do so or are they coerced into doing so in the process? frankly when you look at the issues surrounding this particular question, you cannot operate in a vacuum. you have to recognize the fact that states like indiana, that border our state of michigan, is the 23rd state. michigan would be the 24th state. this isn't a new discussion nationwide. 24 states in the next couple of days will be the right-to-work states that will put us in a better position for worker freedom where they have the chance to actually choose to participate without it being compelled to do so.
after a democratic election. that's what this is all about. >> ifill: let me talk to state senator prose about that. how do you respond to this idea that there's no need for a law like this? >> i think when you look at the issue of right to work or freedom to work you really have to ask the question whether or not that individual is buying into a system that they care to be a part of, that they really choose to be a part of. do they have the ability to do so or are they coerced into...
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>> we heard the president crystal clear thursday following the election about how important he thought it was for everybody to pay their fair share so we can get this country back to work and get the economy sped up. and i think he was planning to come to michigan before governor snyder switched up on us. i think this was an assault on any part of workers to have a place, through an organization to speak with a united voice. >> it seems to me in listening to what karl levin was saying, and this delegation asked him to not sign it, hear more about it that snyder is beginning to see the gravity of this situation. whatever comes to me i'm going to votto or pass or sign. it is not that kind of legislation. this has far-ranging appeal. do you see a different side of snyder coming out of this meeting? >> i don't know. i am curious about the side of snyder this flipped next week when he said after promising that he would never sign this legislation, he went public and said he would sign. i'm delighted they went in to make crystal clear why they this is bad for the middle class, but i don't th
>> we heard the president crystal clear thursday following the election about how important he thought it was for everybody to pay their fair share so we can get this country back to work and get the economy sped up. and i think he was planning to come to michigan before governor snyder switched up on us. i think this was an assault on any part of workers to have a place, through an organization to speak with a united voice. >> it seems to me in listening to what karl levin was...
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again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing on wall street. at this stage it looks like we got a gain of only 14 points for the dow. obviously we were higher than that, not much more but were higher earlier in the day. the nasdaq up by only eight points and the s&p finishing up by just a trickle of positive. well, ticktock. the market is closed. seems to be waiting once again for some clear signal on what's going to happen with regards to the fiscal cliff. how can you make money in the final trading sessions of the year amongst all this uncertainty? >> we have definite answers coming with our panel. back with us nathan bachrach from the financial network.
again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing...
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...
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we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans. president went out and campaigned. he hammered republicans beginning in the fall of 2011. he won the election and he was trying to keep the pressure on to get them to bargain. >> all right, john har wood, thank you very much. >> let's stay in washington but capitol hill now, keeping a close eye on the negotiations, among the key congressional leaders. what the update, amman? >> well, there is total radio silence about the meeting between boehner and obama at the choice yesterday. we are told to expect that boehner will brief top republican leaders
we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans....
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i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe the last grims of this picture, an eminent cabinet shuffle is expected. >> the president has got a lot of very, very good people to choose from. he wants to put together a team especially in international affairs, a team overall that going into a second term does not look like a second team, does not look like a group of second stringers. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in l
i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe...
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Dec 10, 2012
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they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a tad hypocritical? we will deal with it next. streamline the proce? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated techcal analysis one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. >> coming up tonight at 7:00 eastern, the obama middle east policy
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a...
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there was an election on saturday. we'll tell you -- remind you where it was. plus, mitt romney took a ringside seat for a post election bout watching a member of congress fight. we'll tell you where that person is a member of congress. >>> a guy who knows how to throw a punch announced he's coming to washington. how many u.s. presidents also served as secretary of state? and who was the last one? [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. pre
there was an election on saturday. we'll tell you -- remind you where it was. plus, mitt romney took a ringside seat for a post election bout watching a member of congress fight. we'll tell you where that person is a member of congress. >>> a guy who knows how to throw a punch announced he's coming to washington. how many u.s. presidents also served as secretary of state? and who was the last one? [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a...
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. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? i have obligations. cute tobligations,
. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the...
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he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby boomers retiring putting pressure on medicare, medicaid and social security. i hope my party will look out for the country and not just the party itself and push the president to do something it has never done before, lead in bipartisan way. martha: white house said they came up with a trillion dollars in cuts. >> that is joke. that is a joke. have you seen any market reaction to their plan? they do nothing to keep medicare and medicaid
he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16...
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but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to negotiate about spending cuts, right? >> well, i think that a deal is to be made that would benefit the people if it were done earlier. and the incentive is knowing that the scenario that the "the wall street journal" put forth could take place. we need a discussion right now, and we need to have a discussion where we could have sensible solutions with regard to the safe any net programs as well as the tax cuts. >> what's on the table for the democrats? >> i think what judy is saying is very true. we're going to get to this point anyway. it's just a question of when and how much damage will be don
but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to...
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i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my opinion. >> let's watch and get your reaction. [video clip] >> there are all types of proposals. that is what we need right now. if we had some more targeted solutions, we would move down the road. it has been really hard to get anything accomplished. >> that was back in april, 2012. what do you think? would you have been behind the president's jobs bill? >> i would not. i think it is a bunch of poppycock. the president wanted $400 billion more funding from congress to support his jobs bill, which was going to create jobs for what i would consider his winners an
i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my...
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it's his election victory. we all know in our own lives that presidential attention is enormously effective. i'm wondering whether you're hearing anything about how the republicans in the house are reacting at this point. >> well, i think what's really interesting is if the president does get a deal on taxes, and if we get over the fiscal cliff, i think that that's actually going to create probably some kind of war in the republican party. >> you mean over by avoiding? >> yeah, over by avoiding, exactly. >> it's a tricky metaphor. >> it is. exactly. >> like the roadrunner. >> but i think going to peter's point, i think that this debt ceiling issue will become the issue, and i think republicans will probably harden over that in the house. and i think that's really problematic because it's this on again/off again crisis thing. it makes us seem like an emerging market economy here. >> are we greece? >> our politics are becoming as dysfunctional as greece. i mean, we're not greece, but if you look at what businessm
it's his election victory. we all know in our own lives that presidential attention is enormously effective. i'm wondering whether you're hearing anything about how the republicans in the house are reacting at this point. >> well, i think what's really interesting is if the president does get a deal on taxes, and if we get over the fiscal cliff, i think that that's actually going to create probably some kind of war in the republican party. >> you mean over by avoiding? >>...
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although i think he would do better in a experienced election than a general election. he obviously has campaign apparatus, name id, et cetera, et cetera, thru br other candidates. it's not a slam dunk for him at all. >> if you look at it it's a different time than when he first ran. >> uh-huh. >> and won. he's been there six years. however -- four years? >> four years. >> bill: but a different time. he would be up against a different candidate? >> uh-huh. >> it would have to be a better candidate than martha cokely and et cetera tarnished by having lost to the elizabeth warren? >> he would have to run again? when is kerri's term up in three years, massive campaigns. >> deval patrick and ed markey veteran very popular powerful congressman, the 9th most powerful in terms of seniority who represents greater boston cham champ bridge area. he would be a formidable cabdate. >> and cot brown would like to move run for governor. they have a history of republican governors even before mitt romney, bill weld a bunch of others. >> that's not unheard of. >> it wouldn't be necessar
although i think he would do better in a experienced election than a general election. he obviously has campaign apparatus, name id, et cetera, et cetera, thru br other candidates. it's not a slam dunk for him at all. >> if you look at it it's a different time than when he first ran. >> uh-huh. >> and won. he's been there six years. however -- four years? >> four years. >> bill: but a different time. he would be up against a different candidate? >> uh-huh....
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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the election is over and what is next on the president's plate? possibly a new tax to carbon emission. michigan congressman and chairman . house and congress committee fred upton. >> good to be here. >> steve: i thought we tried to pass it and it didn't work out. the house under speaker pelosi passed it five and the senate couldn't get it done and it died. >> steve: how could this possibly come to pass? >> it seems as those who think maybe if a republican and we'll go along with it if it come the republicans. it is not coming from the republicans. we'll do our best to make sure it is not a mole to pop up again. >> steve: for people who don't understand the carbon tax. producers of things that go up in the sky have to pay extra. >> that's right. every consume yer businesses pay more . so as we are just beginning to come out of the recession. my state michigan 38 consectative monthses of unemployment it is another incentive to move those jobs somewhere else and we would pay a higher costs and none of the rest of the world would. talk about a bad ide
the election is over and what is next on the president's plate? possibly a new tax to carbon emission. michigan congressman and chairman . house and congress committee fred upton. >> good to be here. >> steve: i thought we tried to pass it and it didn't work out. the house under speaker pelosi passed it five and the senate couldn't get it done and it died. >> steve: how could this possibly come to pass? >> it seems as those who think maybe if a republican and we'll go...
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we saw that in state after state in the last election. the supreme court will take up the issue, and i hope that they understand as most of us do that this is part of our future. marriage equality and the equal treatment of people who have made this decision is part of what america is all about. >> final point, senator durbin. susan rice. will she be the president's secretary of state nominee and could she get confirmed in the senate at this point? >> i can't say that because the president has not told me what his decision will be. there have been two excellent names mentioned, ambassador rice and my colleague, senator kerry. either one of them would have a tough job following the great job of hillary clinton, but they could both serve this country in an extraordinary way as secretary of state. >> you're saying that rice could get confirmed? >> i do believe so. i think at the end, some of the criticisms against her have been unwarranted. many have gone just too far. there is really a basic feeling of fairness. she is an extraordinary pers
we saw that in state after state in the last election. the supreme court will take up the issue, and i hope that they understand as most of us do that this is part of our future. marriage equality and the equal treatment of people who have made this decision is part of what america is all about. >> final point, senator durbin. susan rice. will she be the president's secretary of state nominee and could she get confirmed in the senate at this point? >> i can't say that because the...
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and of course the election may that. and of course the election may be soyou won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. i'i invest in what i know.r.e. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introduci
and of course the election may that. and of course the election may be soyou won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. i'i...
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and of course the election may be sooner than we think, even though the election is over. we'll be right back in just a moment. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> it was a rare event late on a friday afternoon when we learned the u.s. supreme court is going to wade into one of the most talked about and emotional issues of our time. >> the fact that the court has agreed to take both cases could mean that the justices are prepared to get to the heart of the same-sex marriage issue, and that could result in what would eventually be the roe v. wade of gay rights. >> we are back on a big story that will become an even bigger story when we move forward, and that's the question of marriage equality for gays and lesbians in the country. speaker gingrich, you oppose same-sex marriage
and of course the election may be sooner than we think, even though the election is over. we'll be right back in just a moment. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> it was a rare event...
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there is no elective office. and in fact he wasn't elected president. so we have the president of the united states who was responsible for figuring out how to solve the problems who has not offered a single serious cost-cutting measure. tell me what you think barack obama is going to do to say i need a yes vote on this. he's gotten as worried about whether grover norquist now defines the republican party. because as we all know, if we are not worthy of the news media respect we are a party that will disappear. listen to the tone of the language when you watch the morning show or even fox and friends or this whole schtick. grover did something very important. he came up with the idea of the new tax increase pledge as a way of drawing the line in the sand and let me be clear about my background in the tax increases under ronald reagan i voted against the tax increase of george h. w. bush that it was a disaster, fundamental mistake coming and when we balanced the budget for four straight years, we did it by cutting taxes to accelerate economic growth. so
there is no elective office. and in fact he wasn't elected president. so we have the president of the united states who was responsible for figuring out how to solve the problems who has not offered a single serious cost-cutting measure. tell me what you think barack obama is going to do to say i need a yes vote on this. he's gotten as worried about whether grover norquist now defines the republican party. because as we all know, if we are not worthy of the news media respect we are a party...
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. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders and if that's true, i will end up laying off people. >> reporter: hudson is also concerned about taxes. because it's profits are treated as income, that puts them over $250,000 a year. the level where president obama wants taxes to go up. >> i'm supposedly a rich guy? i don't think so! i think we ought to pay our share. but that could have a significant impact to the point that i may have to lay off one or two more people. >> reporter: the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in famil
. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next...
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and what i heard over and over our leaders aren't leading and the election didn't send a clear message, the song of the hugh once said, meet the new boss, same as the old boss pt sate president, same senate and same house. we may have barely moved the chairs around on the deck of the sinking "titanic," but maybe we're putting faith in human beings,no getter at serving. >> and you pay your bills and show up for work. washington s to borrow from the chinese to pay its bill and barely shows any real work. it occurred if they won't listen to us, i wonder if they'd listen to a stronger voice, if he'd speak with burning bush, and part it seems likes he knows how get through. since neither party seems to listen to us, what would happen if god asked them to speak to him ap listen to him. >> january 20th might have more of an effect than a million voice marsh. what if americans simply prayed, i'm not talking one side to win over the other, i'm not sure the almighties to register with either of the that. i'm not sure that we're short enough to know what the creator revealed. and you set aside a
and what i heard over and over our leaders aren't leading and the election didn't send a clear message, the song of the hugh once said, meet the new boss, same as the old boss pt sate president, same senate and same house. we may have barely moved the chairs around on the deck of the sinking "titanic," but maybe we're putting faith in human beings,no getter at serving. >> and you pay your bills and show up for work. washington s to borrow from the chinese to pay its bill and...
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elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a little feisty here. but bring up brian. >> it's great to be here. i love the spirit of this. i'm probably going to bring this back a notch. i think a big part of this is the definition aspect of what is is lama, who was winning how much? pay attention to those details. i want to make three points. two to the motion and another about policy. number one and, i think the question of islam and democracy and whether it is compatible, not what we are debating, is the charm of the irrelevant question. you have many mus
elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a...
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they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawmakers from both sides of the aisle speaking out today with just weeks left to reach a deal and little reported progress. the fight appears to be mov
they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing...
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and of course the election may be sooner than we think, even though the election is over. we'll be right back in just a moment. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> it was a rare event late on a friday afternoon when we learned the u.s. supreme court is going to wade into one of the most talked about and emotional issues of our time. >> the fact that the court has agreed to take both cases could mean that
and of course the election may be sooner than we think, even though the election is over. we'll be right back in just a moment. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that,...
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bush was elected and liberal democrats saying, oh, my gosh, we're never going to win another election, i always caution people are conservative like me, look, republicans can make a come back, they can win in 2014 and 16. you shouldn't abandon your basic principles, in my view that would be the worst thing to do. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander hamilton going all the way back to that point, how much government do we want or not want. but on an optimistic note, we always seem to manage to get beyond this. >> congress is busy at work and just not on the fiscal cliff. ac, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dol
bush was elected and liberal democrats saying, oh, my gosh, we're never going to win another election, i always caution people are conservative like me, look, republicans can make a come back, they can win in 2014 and 16. you shouldn't abandon your basic principles, in my view that would be the worst thing to do. >> the tea party has said, look, we're for smaller government, less government interference. >> we have this historical battle between thomas jefferson and alexander...
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Dec 9, 2012
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the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have people been responding to you through the website? >> oh, the vast majority want a fairer tax rate as to what we had in the clinton tax years. we know that was a time of prosperity. we need to return to that. that is what the polls say. 65% of the american people support president obama's policy on this fiscal issue. >> congresswoman, as we look at the data that has come in and more specific data, since the election and breaking it down by demographic and ethnicity, i want to get your perspective as chair of the caucus because new census data found that for the first time there were more asian immigr
the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have...
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it would be nice to extend it at the next presidential election. it would be nicer to get rid of it altogether. it is anachronistic law that is a problem. it creates a great deal of uncertainty. as you can see, it can do a lot of damage to the economy. there are a lot of reasons why it is being considered to eliminate that ceiling. it should be carefully considered. at the very minimum, we should push this to the other side of the election. we do not want to address the debt ceiling on a regular basis. it is damaging confidence. on fiscal sustainability, we need deficit reduction in the next 10 years of about $3 trillion. to get there, a balanced approach would be $1.4 trillion in tax revenue. half of that would come through tax reform and the other half through higher tax rates. $1.2 trillion in cuts to programs -- medicare and medicaid, social security, and other budget items -- that would leave you with approximately $400 billion in interest savings. at all of that together and you get $3 trillion. the spending cuts were implemented as part of t
it would be nice to extend it at the next presidential election. it would be nicer to get rid of it altogether. it is anachronistic law that is a problem. it creates a great deal of uncertainty. as you can see, it can do a lot of damage to the economy. there are a lot of reasons why it is being considered to eliminate that ceiling. it should be carefully considered. at the very minimum, we should push this to the other side of the election. we do not want to address the debt ceiling on a...
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Dec 9, 2012
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it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an interesting twist to find revenue. host: our next caller is mark from san diego. good morning. go ahead, mark. caller: vision are really blame the president for all these problems because the walked into it. he's doing a good job. he does need to let him do what he does and it will be all right. host: politico as information on who benefited most. any information? guest: where bogus. what is going happen next in the future. host: speaking of profits, who is profiting on the discussion of the debt ceiling in the fiscal cliff? guest: p.r. firms, law firms, lobbyists. they're trying to make this
it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an...
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he talks about the affordable care act as well as the fiscal cliff and plans for the 2014 elections. that is live sunday at 10:00 a.m.. then we will show it again at 6:00 p.m. eastern, on c-span. >> the supreme court will look at what was passed in 2008 by a majority of 623, i believe and they will say that impressed them. and indiana -- >> lets talk about facts. they decided in the indiana case it was constitutional for them to establish id. they did not say the other states -- >> correct. they decided about indiana. you are misrepresenting what i said. it was the law of the land. when i see these accusations that black people, of voter i.d. laws and disproportionately affect minorities, it implies to me that we have something missing in our brains. we are lesser than. to me, if white americans can go through all the processes to follow the laws, what are you telling black people? but somehow they are not good enough? they are lesser then? that is what bothers me. a lot of the rhetoric coming from democrats and the last. we have to make special -- there has to be specialness when we
he talks about the affordable care act as well as the fiscal cliff and plans for the 2014 elections. that is live sunday at 10:00 a.m.. then we will show it again at 6:00 p.m. eastern, on c-span. >> the supreme court will look at what was passed in 2008 by a majority of 623, i believe and they will say that impressed them. and indiana -- >> lets talk about facts. they decided in the indiana case it was constitutional for them to establish id. they did not say the other states --...
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Dec 9, 2012
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i was a newly elected governor, i had a lot of political leverage and for various reasons i will not bore you with had the upper hand in the negotiations. i put the pedal to the metal. i won that round. however, the ill will that came from pushing to the other side was so strong that years later legislative leaders remembered how difficult that negotiation was and how unreasonable in their mind i was. we were still talking about payback six and seven years later in future negotiations. i share that -- as you think about not just this moment but the relationship between the congress and the president going forward. it is unclear whether there is enough republicans to support or even consider the rate increase generally, but at the very least i think they would want to see not just that question, but they would want to see what does it come with. i describe it as the two wings of the plane. people are working on one side, but not much discussion on the entitlement and structural spending reduction wing. republicans have put revenues on the table. there are lots of different ways to get
i was a newly elected governor, i had a lot of political leverage and for various reasons i will not bore you with had the upper hand in the negotiations. i put the pedal to the metal. i won that round. however, the ill will that came from pushing to the other side was so strong that years later legislative leaders remembered how difficult that negotiation was and how unreasonable in their mind i was. we were still talking about payback six and seven years later in future negotiations. i share...